Charterhouse Capital Partners LLP, Britain’s oldest buyout firm, posted some of the industry’s biggest returns after spinning out of HSBC Holdings Plc. Handing off that legacy to the new generation is proving harder.
Armajaro Holdings Ltd., founded by Anthony Ward and Richard Gower, agreed to sell its soft commodities trading unit to Ecom Agroindustrial Corp., the world’s second-biggest coffee and third-largest cocoa trader.
Darren Read, who helped run a hedge fund at Moore Capital Management LLC with Greg Coffey, is preparing to join a firm being started by two former UBS AG colleagues, two people with knowledge of the matter said.
The Savoy, the five-star London hotel once frequented by Winston Churchill, Marilyn Monroe and Claude Monet, would be at risk of breaching terms of bank loans if operating results don’t improve, according to the company.